News
Seagate invests $228 million in its N Ireland plant
posted on 03 July 2008 12:03
Seagate is investing $228 million (£120 million) in its Londonderry, Northern Ireland, hard drive read/write head plant to enable it to retain its position as the lowest cost and biggest producer of read-write heads in the world.
The investment period will run through to 2010. The Springtown, Derry plant will be, Seagate claims, the global technology leader in read/write head production. Seagate is gearing up for another generation of perpendicular recording technology and heads will be needed for both 2.5-inch and 3.5-inch drives to read and write data on the platters using the new levels of areal density expected.
Seagate closed its hard drive platter plant at Limavady in Northern Ireland towards the end of last year with the loss of about 1,000 jobs. The new investment will reassure Northern Ireland officials about the future of external investment in the area.
[Paul Roberts, news editor.]
sponsored by...
in News
HP to fit BD Combo drives in PCs?
Flash SSD price falls result in MacBook (SSD) Air price cut
you're reading:
Seagate invests $228 million in its N Ireland plant
Samsung gets large Apple iPhone flash order